Showing 1 - 10 of 21
General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of...
Persistent link: https://www.econbiz.de/10013522466
The primary aim of this book is to present notions of convex analysis which constitute the basic underlying structure of argumentation in economic theory and which are common to optimization problems encountered in many applications. The intended readers are graduate students, and specialists of...
Persistent link: https://www.econbiz.de/10013523196
Persistent link: https://www.econbiz.de/10005527110
Persistent link: https://www.econbiz.de/10005388325
Persistent link: https://www.econbiz.de/10005521050
In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this...
Persistent link: https://www.econbiz.de/10005370865
Persistent link: https://www.econbiz.de/10005374181
Persistent link: https://www.econbiz.de/10005095425
In this paper, we investigate the existence of a competitive equilibrium in an intertemporal pure exchange model with a countable number of periods and a countable number of agents. This model covers both the overlapping generations case and the case where there is an infinite number of...
Persistent link: https://www.econbiz.de/10005066004
Persistent link: https://www.econbiz.de/10005066707